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Stock Market & Financial Investment News

News Breaks
November 27, 2012
08:04 EDTBEE, FCH, DRH, CHSP, MHGC, HTJMP Securities to host a tour
New York City Hotel Tour visits various hotels in the New York City area on November 27.
News For DRH;HT;CHSP;FCH;MHGC;BEE From The Last 14 Days
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March 25, 2015
14:11 EDTHT, FCH, DRHSunTrust downgrades hotel stocks citing macro trends, weak bookings
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10:00 EDTFCH, HT, DRHOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AB InBev (BUD) downgraded to Reduce from Overweight at HSBC... BreitBurn Energy (BBEP) downgraded to Sell from Neutral at UBS... DiamondRock (DRH) downgraded to Reduce from Neutral at SunTrust... Ethan Allen (ETH) downgraded to Hold from Buy at Gabelli... Felcor Lodging (FCH) downgraded to Neutral from Buy at SunTrust... Finish Line (FINL) downgraded to Neutral from Buy at B. Riley... Hannover Re (HVRRY) downgraded to Sell from Hold at Deutsche Bank... Hersha Hospitality (HT) downgraded to Reduce from Neutral at SunTrust... Host Hotels (HST) downgraded to Reduce from Neutral at SunTrust... ING Groep (ING) downgraded to Neutral from Buy at Goldman... Informatica (INFA) downgraded to Neutral from Buy at Mizuho... Kofax (KFX) downgraded to Hold from Buy at Canaccord... LRR Energy (LRE) downgraded to Sell from Neutral at UBS... LaSalle Hotel (LHO) downgraded to Reduce from Neutral at SunTrust... Munich Re (MURGY) downgraded to Sell from Hold at Deutsche Bank... Orbital ATK (OA) downgraded to Market Perform from Outperform at Wells Fargo... PCTEL, Inc. (PCTI) downgraded to Neutral from Buy at B. Riley... Quest Diagnostics (DGX) downgraded to Hold from Buy at Deutsche Bank... SJW Corp. (SJW) downgraded to Neutral from Outperform at RW Baird... Selective Insurance (SIGI) downgraded to Neutral from Buy at BofA/Merrill... Sonus (SONS) downgraded to Hold from Buy at Wunderlich... Starwood (HOT) downgraded to Neutral from Buy at SunTrust... Synchrony Financial (SYF) downgraded to Neutral from Buy at BofA/Merrill... Tesla (TSLA) downgraded to Underperform from Outperform at CLSA... Twitter (TWTR) downgraded to Hold from Buy at Pivotal Research... ZAGG (ZAGG) downgraded to Market Perform from Outperform at Northland... iDreamSky (DSKY) downgraded to Neutral from Overweight at JPMorgan.
07:04 EDTDRHDiamondRock downgraded to Reduce from Neutral at SunTrust
SunTrust's industry checks indicate significant weakness in forward bookings due to FX impact on international tourism, lower oil prices, and increased supply. The firm said companies with the most exposure to New York City, Los Angeles, Hawaii, Miami, Seattle, and Houston have the most risk. Additionally, SunTrust said Q2-Q3 U.S. Upper Upscale RevPAR tracking is only tracking to the low-end of the +4-6% range. Due to exposure to the markets at risk, SunTrust downgraded DiamondRock to Reduce and maintained its $14 price target.
07:04 EDTHTHersha Hospitality downgraded to Reduce from Neutral at SunTrust
SunTrust's industry checks indicate significant weakness in forward bookings due to FX impact on international tourism, lower oil prices, and increased supply. The firm said companies with the most exposure to New York City, Los Angeles, Hawaii, Miami, Seattle, and Houston have the most risk. Additionally, SunTrust said Q2-Q3 U.S. Upper Upscale RevPAR tracking is only tracking to the low-end of the +4-6% range. Due to exposure to the markets at risk, SunTrust downgraded Hersha Hospitality to Reduce and maintained its $6.50 price target.
07:04 EDTFCHFelcor Lodging downgraded to Neutral from Buy at SunTrust
SunTrust's industry checks indicate significant weakness in forward bookings due to FX impact on international tourism, lower oil prices, and increased supply. The firm said companies with the most exposure to New York City, Los Angeles, Hawaii, Miami, Seattle, and Houston have the most risk. Additionally, SunTrust said Q2-Q3 U.S. Upper Upscale RevPAR tracking is only tracking to the low-end of the +4-6% range. Due to exposure to the markets at risk and valuation, SunTrust downgraded Felcor to Neutral and maintained its $13 price target.
March 24, 2015
07:44 EDTCHSPChesapeake Lodging 4M share Spot Secondary priced at $34.00
The deal size was increased to 4M shares from 3M shares and priced between the $33.85-$34.14 range. JPMorgan and Deutsche Bank acted as joint book running managers for the offering.
March 23, 2015
19:13 EDTCHSPOn The Fly: After Hours Movers
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16:07 EDTCHSPChesapeake Lodging Trust files to sell 3M shares of common stock
The Trust intends to use the net proceeds from the offering to repay borrowings outstanding under its revolving credit facility. J.P. Morgan and Deutsche Bank Securities are acting as joint book-running managers for the offering.
March 19, 2015
14:11 EDTFCHFelcor Lodging sees FY16 adjusted FFO $1.18, consensus $1.01
14:09 EDTFCHFelcor Lodging sees FY16 core RevPar $162M
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14:07 EDTFCHFelcor Lodging sees FY16 adjusted FFO $1.18
Guidance taken from company slides presentation.
March 18, 2015
16:31 EDTCHSPChesapeake Lodging names D. Rick Adams as COO
Chesapeake Lodging Trust announced the promotion of D. Rick Adams to Executive Vice President and COO. Adams joined the Trust in 2009 as its Senior Vice President and Chief Investment Officer and was subsequently promoted to Executive Vice President and Chief Investment Officer.
08:39 EDTFCHFelcor Lodging announces sale of Embassy Suites San Antonio for $29.5M
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March 16, 2015
16:52 EDTMHGCVector Group raises stake in Morgans Hotel to 7.1% from 6.4%
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